On February 8th, the groundbreaking ceremony for Jinqidian (GoldVor)’s 85,000-ton annual output green new functional materials project was held in Lianyungang Chemical Industry Park. Gao Zhan, Deputy Secretary of the County Party Committee and County Magistrate, attended and announced the project’s commencement. With a planned investment of 1.015 billion yuan, it marks a key step in the park’s high-end chemical new materials development and boosts local economic growth.
Established in January 2024, Lianyungang Jinqidian (GoldVor) New Materials is a joint venture of Zhejiang Jierte Machinery and Lianyungang Youdao New Material. Focusing on polyethylene wax, ASA, and ACR materials, the project adopts advanced clean and intelligent processes. It is expected to yield an annual output value of 1.5 billion yuan and tax revenue of 130 million yuan upon full operation.
Covering 12,000 mu in Duigou Port Town, Guannan County, the park features convenient transport and robust infrastructure. As the expansion area of Lianyungang Petrochemical Industry Base, it aims to build specialized chemical new material and fine chemical industry chains.
In 2024, the park signed 16 projects totaling 11.86 billion yuan during the Second China Chemical New Materials Conference, including 5 chemical new material projects worth 6.28 billion yuan. A subsequent signing with 6 merchants added 10.2 billion yuan in investments across new energy and materials, enhancing industrial agglomeration.
Shao Fuqiang, Member of the County Party Committee Standing Committee, highlighted the park’s efficient service throughout the project’s process, driven by strong leadership and good cooperation. The park will continue to support the project for early production, contributing to the county’s economy.
The project signals another stride in the park’s industrial upgrading. It will further attract investments, optimize industrial layout, and work toward the “trillion-yuan petrochemical industry cluster” goal.
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